8/4/2019 NAM Support Letter- ATVM Program Speaker Boehner and Leader Pelosi

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Paul A. Yost

Vice President

Energy & Resources Policy

Leading Innovation. Creating Opportunity. Pursuing Progress.

1331 Pennsylvania Ave, NW, Suite 600, Washington, DC 20004 P 202

637

3175 F202

637

3182 www.nam.org

September 22, 2011

The Honorable John Boehner The Honorable Nancy PelosiSpeaker of the House Minority LeaderU.S. House of Representatives U.S. House of RepresentativesWashington, DC 20515 Washington, DC 20515

Dear Speaker Boehner and Leader Pelosi:

The NAM is the largest trade association in the United States, representing over 11,000small, medium and large manufacturers in all 50 states. We are the leading voice for themanufacturing economy, which provides millions of high-wage jobs in the U.S. Two-thirds of ourmembers are small businesses, which serve as the engine for job growth. Our mission is toenhance the competitiveness of manufacturers and improve American living standards byshaping a legislative and regulatory environment conducive to U.S. economic growth.

The NAM is writing to express our support for the Advanced Technology VehicleManufacturing (ATVM) program, authorized under the Energy Independence and Security Act of2007 with bipartisan support and signed into law by President Bush. The ATVM program is anexample of what government/industry partnerships can accomplish. It has helped create andpreserve thousands of auto sector jobs and put our nation on a path towards greater energysecurity. The NAM believes defunding ATVM will hurt manufacturers and their employees.

Introducing any new model motor vehicle is a capital intensive process. Automobilemanufacturers and suppliers must make large investments at the front end before a vehicleenters production. The ATVM program assists this process by providing low cost capital for

retooling U.S facilities. These loans, which will be repaid with interest, allow automakers to buildmore fuel-efficient advance technology vehicles in the U.S. and provide greater job security forthe workers they employ. Furthermore, it is worth noting that many suppliers to the automobilemanufacturers are small and medium manufacturers. These smaller manufacturers have thepotential to create thousands of jobs but are typically some of the first businesses impacted by astruggling economy. By maintaining the ATVM program the government will also be supportingthe maintenance and growth of these smaller manufacturers.

During this time of economic recovery, we urge you to preserve this successful programthat is helping preserve auto sector jobs and make promote energy security.

Sincerely,

Paul A. Yost